Table 4.

Estimated results of absolute β convergence test

Coefficients
and tests
Manufacturing sectors
as a whole
Polluting sectorsClean sectors
Β−0.1153*** (−7.22)−0.0524*** (−2.69)−0.1334*** (−6.37)
C0.0019***0.00630.0078***
R20.09630.03930.1128
F or Wald52.14 [0.0000]7.26 [0.0070]40.61 [0.0000]
Hausman test5.00 [0.0820]0.01 [0.9957]6.89 [0.0319]
ModelFEREFE
Number of observation406140266

Notes:

Figures in parentheses are z-statistics and figures in brackets represent p values, ***p < 0.01; **p < 0.05; * p < 0.1

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